45 Cobblestone Ter, Coventry, RI, 02816 | $1,350/mo Cash Flow

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45 Cobblestone Ter, Coventry, RI, 02816 | $1,350/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Coventry at 45 Cobblestone Ter, Coventry, RI, 02816 uses $180,950 cash to close to unlock $16,196/yr annual cash flow and $1,350/mo monthly cash flow. Total monthly income runs $4,940/mo, and a $2,692/mo payment keeps the spread at $1,350/mo. Purchase price stands at $550,000, and rental yield measures 10.78% with $4,940/mo rent. Return on cash invested shows 29.01% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 152.07% and total cumulative return in cash records $275,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,940/mo property income covering a $2,692/mo payment rather than investor’s personal income.

Single Family

Built in 1996

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked inside Walker Farms, this Colonial has been cared for with pride and it shows. Sunlight fills the main floor where the living room and gas fireplace open to a kitchen and dining area designed for everyday ease. Step out to a composite deck and fully fenced backyard. Afternoons here linger by the pool, with room for gardens, lawn games, or simply unwinding in the sun. Upstairs, the primary suite feels open with vaulted ceilings and double closets, while two additional bedrooms and full baths add comfort and convenience. Central air keeps every season comfortable, and the rare walk-out lower level expands the living space with daylight windows and a slider. An ideal spot for a media room, playroom, or home office. The half-acre lot is neatly landscaped with stone accents, mature plantings, and a powered shed to keep everything organized. With major updates already completed, you can focus on making the space your own. Homes in Walker Farms are always in demand, and this one pairs neighborhood appeal with a backyard built for summer. Don't miss it! Schedule your visit today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02816, Coventry, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,263 (100%)
Owner Occupied HU	10,866 (76.2%)
Renter Occupied HU	2,751 (19.3%)
Vacant Housing Units	646 ( 4.5%)
Median Home Value	$386,005
Average Home Value	$401,695